Property Overview: 368 Ash Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 368 Ash Street is defined by its above-average interior space and value within a well-established neighbourhood. With 1,782 sqft of living area, it offers more room than roughly 75-80% of comparable homes in Winnipeg, making it a spacious option for its market. The assessed value of $524,000 consistently places it in the top 25% of its immediate area, indicating a premium position for North River Heights.
The appeal lies in this combination of generous living space and a solid valuation in a desirable neighbourhood. Built in 1930, the home is older than many on its street, which may appeal to buyers charmed by character homes from that era, though it suggests a careful review of updates and systems is prudent. The lot size is slightly below average for the street but typical for the broader area, offering a manageable yard.
This property would best suit buyers who prioritize interior space over a vast lot and who appreciate the mature setting of North River Heights. It’s a strong candidate for someone seeking a home with established value in a central community, who is either comfortable with the nuances of an older home or prepared to invest in updates. A less obvious perspective is that its above-average metrics for space and value, paired with an older build date, could represent a "diamond in the rough" opportunity—where the premium is paid for location and square footage, leaving room to add value through modernization.
Section 2: Frequently Asked Questions
1. How does the age of the home (1930) practically affect its condition?
While the home's assessed value remains high, its 1930 construction means major components like the roof, plumbing, electrical, and foundation may have been updated at various times. A thorough inspection is essential to understand the current state and any upcoming capital investments required.
2. The lot is noted as smaller than average for Ash Street. How significant is this?
At 4,821 sqft, the lot is about 16% smaller than the street average. This likely means a more compact backyard compared to some neighbours but could be seen as an advantage for those seeking lower maintenance. The lot size is very typical when compared to the wider North River Heights area.
3. What does the sold price data from 2016 indicate?
The home sold for between $350,000-$400,000 in mid-2016. The increase to the current $524,000 assessment reflects broader market appreciation over eight years. This history shows a trajectory of growing value, but for an accurate current market price, a comparative market analysis of recent sales is necessary.
4. The assessed value is in the top 25% for the area. Does this mean it’s overpriced?
Not necessarily. A high assessment relative to peers typically confirms a premium position, often due to its larger living area, desirable location, or property condition. It sets a baseline for municipal taxation, but the final market price is determined by current buyer demand and recent comparable sales.
5. Where can I verify exact historical sale prices and see more neighbourhood data?
The site notes that exact sold prices require a manual lookup via email request due to data sourcing rules. For a detailed geographic analysis comparing this property to neighbours on factors like year built and lot size, you can use the provided link to "Open neighbourhood map analysis."